With all the excitement around the recent Bitcoin ETFs it easy to forget the importance of self custody and what makes Bitcoin such a powerful bearer asset. Ever heard of the saying:
“Not your keys, not your coins”
I recently saw a chart that really struck home. We will get to this, but it’s worth looking at an interesting trend that has emerged in the world post-Covid.
It seems that now, it's all about the supply of money rather than the cost. This shift has significant implications for both opportunities and risks in the market.
We now direct our focus towards exploring the capabilities and benefits of MultiSig technology. By transitioning your attention to MultiSig, the aim is to further enhance your security. MultiSig minimises potential vulnerabilities and we are excited to delve deeper into the features and advantages that MultiSig has to offer, and we are confident that this strategic shift will contribute positively to your bitcoin security operations.
Custodial services involve a third party holding onto your bitcoin on your behalf, which can be convenient but comes with added risk. Self-custody, on the other hand, means you are responsible for keeping your own bitcoin secure, which may require more effort but gives you full control.
If you haven’t read Part 1, you can read it https://www.momentum-analytics.io/news/self-custody-part-1
“There are no shortcuts to any place worth going.” - Beverly Sills
Chop chop - going from one liquidation to another! Accumulate bitcoin and be patient.
And make sure you have some dry powder gold (PAXG)
Largely unaffected by the carnage, we do not currently hold alt-coins in this strategy - want to know why? Listen here
As requested, we are doing a followup on the article we published on dollar cost averaging. If you haven’t read the original article, here is a link: DCA strategies (includes enhanced RSI version).
We have had many requests from visitors to our site to provide a service to notify them when the daily “RSI 90” DCA strategy triggers a buy signal for gold, bitcoin and our RAAINDEX strategy.
If you would like to be added to the mailing list (small monthly cost) to receive a weekly email with this information (format below), use the contact page to let us know and we will arrange to sign you up.
Gold - 7/7 buys signals (month to date incl. 26th Sep - 19 buys signals)
BTC - 1/7 buys signals (month to date incl. 26th Sep - 1 buys signals)
RAAINDEX - tbc (*)
This publication is general in nature and is not intended to constitute any professional advice or an offer or solicitation to buy or sell any financial or investment products. You should seek separate professional advice before taking any action in relation to the matters dealt with in this publication. Please also note our disclosure here